Refer to the Scenario Below to Answer the Following Questions

question 106

Multiple Choice

Refer to the scenario below to answer the following questions.
Changing Jobs (Scenario)
Marty sat in his favourite chair at home and pondered his work situation. The funding in his division had been cut by 25 percent, but the production goals were 10 percent higher! Something had to change, and he knew it was his job to figure out how to make the goals achievable. He decided to try to improve the way that tasks are combined into each job. First, he needed to know how many tasks there were to each job and how frequently each task was repeated. He also knew that because of the funding cut, people were going to be asked to expand their jobs horizontally. But he also felt that to balance this he should expand the jobs vertically by adding planning and evaluating responsibilities. Together, even though the employees were clearly being asked to contribute more, he felt they would have a greater degree of control over their work. Neither managers nor employees looked forward to this coming year, but it was "do or die" situation!
-Marty started by examining job __________, or the number of different tasks required in each job and the frequency with which those tasks are repeated.

• A) enlargement
• B) depth
• C) enrichment
• D) design
• E) scope

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Definitions:

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in the product's price.

Total Revenue

The gross income a corporation achieves by trading products or delivering services across a certain span of time.

Elastic Demand

A situation in which the demand for a product is sensitive to price changes, meaning a small change in price leads to a larger change in quantity demanded.

Price Elasticity

An indicator that measures the impact on the quantity of a good demanded when there is a change in its price level.